Starting a successful business requires a great idea, paying customers and access to capital if you want it to grow. The business world is tough, but even tougher for people of color and women. Historically, they have a harder time securing business loans and investor funding needed to take their startup to the next level.

That’s why Austin-based accelerator Capital Factory, the Dallas Entrepreneurship Center and other organizations teamed up to create the Diversity & Inclusion Investment Challenge. The $100,000 grant is awarded to Texas startups led by a person of color or a woman.